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"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies

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Ratios & Harmonics: a Different Way to Trade

  • #39,521
  • Apr 18, 2018 4:04am Apr 18, 2018 4:04am
Fresh trades from today, first one closed BE, second 3 to 1, 6% profit

It is pritty much the same as mr.Pip trading, but I have different rules for the entry point, and 78% close I count as structure failure
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Even though I walk through the darkest valley, I will fear no evil
  • #39,522
  • Apr 18, 2018 4:09am Apr 18, 2018 4:09am
Quoting Sip
AUDUSD M5 update 1:1 Completion Hamonics in play{image}
Why you don't show what is on the left, coz yr chart doesn't show the whole picture, and without it, it doesn't make sense ?
Even though I walk through the darkest valley, I will fear no evil
  • #39,523
  • Apr 18, 2018 5:04am Apr 18, 2018 5:04am
Quoting monocor
but I have different rules for the entry point, and 78% close I count as structure failure {image}
Hi monocor:

If I may ask you a question please:

Your statement: "and 78% close I count as structure failure"

Can you explain more detail please.

Do you mean if the B-C leg retraces 78% of the A-B leg you consider this a structure failure and that chances of price making it past point B is greatly reduced? (see chart - hopefully it makes sense?)

If so, have you done any analysis of this? How many times it holds true per 100 trades?

Thank you.

(Hopefully no one mind me asking this as it's not a Mr Pips rule)
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  • #39,524
  • Apr 18, 2018 6:07am Apr 18, 2018 6:07am
Quoting Tesmy
{quote} Hi monocor: If I may ask you a question please: Your statement: "and 78% close I count as structure failure" Can you explain more detail please. Do you mean if the B-C leg retraces 78% of the A-B leg you consider this a structure failure and that chances of price making it past point B is greatly reduced? (see chart - hopefully it makes sense?) If so, have you done any analysis of this? How many times it holds true per 100 trades? Thank you. (Hopefully no one mind me asking this as it's not a Mr Pips rule) {image}
I did test it, I don't remember the count, I use only 61 coz it gives me the best win rate, 78 was big time failure, and most of my loosing trades was coz of 78% close, after I gave up on 78% my win rate increased dramatically, but again my entry rules is different from Mr.Pip
Even though I walk through the darkest valley, I will fear no evil
  • #39,525
  • Apr 18, 2018 6:14am Apr 18, 2018 6:14am
Quoting monocor
{quote} I did test it, I don't remember the count, I use only 61 coz it gives me the best win rate, 78 was big time failure, and most of my loosing trades was coz of 78% close, after I gave up on 78% my win rate increased dramatically, but again my entry rules is different from Mr.Pip
Thank you for reply.

I was not suggesting that you did not test it, I just wanted to know if there were any noticeable statistics.

But thank you for your reply.
  • #39,526
  • Apr 18, 2018 8:33am Apr 18, 2018 8:33am
EURJPY M5
ABCD completion
Target 61.8%
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  • #39,527
  • Apr 18, 2018 8:41am Apr 18, 2018 8:41am
Uj closed 1 to 1, 2% profit. NU was looking to buy, but didn't get Rsi in place, so skiped the trade
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Even though I walk through the darkest valley, I will fear no evil
  • #39,528
  • Apr 18, 2018 9:05am Apr 18, 2018 9:05am
Good Morning guys I'm back at having fun took a trade +41 points so far.
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If you fail to plan, you plan to fail.
  • #39,529
  • Apr 18, 2018 9:11am Apr 18, 2018 9:11am
Quoting Mr. Pip
Good Morning guys I'm back at having fun took a trade +41 points so far. {image}
Thats a nice 1:1

My current DAX-mini trade.
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  • #39,530
  • Apr 18, 2018 9:25am Apr 18, 2018 9:25am
YM +22 and +35 for me so far this morning
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  • #39,531
  • Apr 18, 2018 9:27am Apr 18, 2018 9:27am
Quoting Mr. Pip
Good Morning guys I'm back at having fun took a trade +41 points so far. {image}
Feeling better? Did you get over that cold?
  • #39,532
  • Apr 18, 2018 9:41am Apr 18, 2018 9:41am
Quoting Mr. Pip
Good Morning guys I'm back at having fun took a trade +41 points so far. {image}
The expectation on the immediate was for a NSH right ?
  • #39,533
  • Apr 18, 2018 9:48am Apr 18, 2018 9:48am
Quoting bmdenton23
{quote} Feeling better? Did you get over that cold?
Yes it tried to kill me
If you fail to plan, you plan to fail.
  • #39,534
  • Apr 18, 2018 9:49am Apr 18, 2018 9:49am
Quoting x3m-PippiN
{quote} The expectation on the immediate was for a NSH right ?
Nope,
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If you fail to plan, you plan to fail.
  • #39,535
  • Apr 18, 2018 9:56am Apr 18, 2018 9:56am
Quoting Mr. Pip
{quote} Nope, {image}
Yeah ..ok that's what I don't get... going back in history the main swing is this... and we were in a complex correction of this.

And that's why I didn't take the short cause it was against my expectation.
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  • #39,536
  • Edited 10:32am Apr 18, 2018 10:15am | Edited 10:32am
I don't get this part with expectations, structure lvl failed to hold the price, what expectation on long can you have
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Even though I walk through the darkest valley, I will fear no evil
  • #39,537
  • Apr 18, 2018 10:22am Apr 18, 2018 10:22am
Quoting Mr. Pip
Good Morning guys I'm back at having fun took a trade +41 points so far. {image}
Instead of your rescue missions is n't better to wait for double rejection, and take a trade on second leg ?
Even though I walk through the darkest valley, I will fear no evil
  • #39,538
  • Apr 18, 2018 10:28am Apr 18, 2018 10:28am
Second trade
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If you fail to plan, you plan to fail.
  • #39,539
  • Apr 18, 2018 10:35am Apr 18, 2018 10:35am
Quoting Mr. Pip
Second trade {image}
I got in too high at 24754 and got tagged BE
  • #39,540
  • Apr 18, 2018 10:37am Apr 18, 2018 10:37am
Quoting x3m-PippiN
{quote} Yeah ..ok that's what I don't get... going back in history the main swing is this... and we were in a complex correction of this. And that's why I didn't take the short cause it was against my expectation. {image}
I took Mr. Pips short and the one before it, here's the way I saw it x3m.

Red longer term expectations
Blue medium term
Yellow IOF
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